China’s top EV makers delivered mixed results in June 2026. NIO and XPeng achieved strong year-over-year growth, while Li Auto saw sales drop for the second straight month.
China EVs, May 2026: Nio surges 62% while Li Auto drops 18%. Strong orders for the new Li L9, L8, and Xpeng GX signal a recovery.
Li Auto and XPeng missed earnings but EV growth in China is slowly improving; Tesla sales in China are still down.
Nio, XPeng, and Li Auto saw April sales drop from March, but new SUVs and tech could help them recover in the coming months.
NIO delivered 35,486 vehicles in March 2026 (+136% YoY) and 83,465 in Q1. Full March & Q1 2026 delivery results for NIO, Li Auto & XPENG plus upcoming model launches.
XPENG achieved its first-ever quarterly net profit of RMB 383 million in Q4 2025 with record margins. Strong full-year growth is overshadowed by disappointing Q1 2026 guidance amid weak China EV demand.
